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” US crypto exchanges lead Bitcoin exodus: Over $1.5B in BTC withdrawn in one week “ Bitcoin (BTC) has flooded out of exchanges in the past week as users become wary of security and regulatory scrutiny. Data from on-chain monitoring resource Coinglass shows United States exchanges in particular seeing heavy BTC balance reductions. U.S. exchanges…
” Aussie treasurer promises crypto regulation next year amid FTX debacle “ The Australian government has doubled down on its commitment towards a robust regulatory framework for crypto following the catastrophic collapse of FTX last week. A spokesperson for Australian Treasurer Jim Chalmers said the Treasury said it is now planning on regulations to improve…
” No red flags at FTX despite 8 months of ‘extensive due diligence’ — Temasek “ Singapore’s state-owned investment firm Temasek revealed despite eight months of due diligence in 2021, it didn’t find any significant red flags in FTXs financials before deciding to invest $275 million into the now-bankrupt crypto exchange. Like many of FTX’s…
” Tremors from FTX’s collapse reverberate through the scientific community “ The fall of crypto exchange FTX appears to have already begun to impact the hundreds of grant recipients across a variety of philanthropic organizations backed by the exchange. During the COVID-19 pandemic, FTX founder Sam Bankman-Fried became known for backing a number of causes…
” Bahamian liquidators reject validity of FTX’s US bankruptcy filing “ Brian Simms, the court-appointed provisional liquidator overseeing the bankruptcy proceedings of FTX Digital Markets in The Bahamas, has called into question the validity of a Chapter 11 bankruptcy filing by subsidiary FTX Trading and 134 other affiliates in a Delaware court on Nov. 14….
” Sam Bankman-Fried says he regrets filing for bankruptcy: Report “ The former CEO of FTX Sam Bankman-Fried has expressed deep regret over filing for Chapter 11 bankruptcy last week, calling it his “biggest single fuckup.” In a wide-ranging interview with VOX which was published on Nov. 16, Bankman-Fried reportedly answered questions on a number…
” Esports team TSM suspends $210M sponsorship deal with FTX “ Professional esports organization Team SoloMid (TSM) (previously TSM FTX) has suspended its $210 million sponsorship deal with the now-bankrupt FTX crypto exchange “effective immediately” following the cryptocurrency trading platform’s shock collapse last week. The United-States-based esports organization made the announcement in a Nov. 16 tweet…
” FTX’s new CEO John Ray coldly addresses SBF’s erratic tweets “ The new CEO and chief restructuring officer for the bankrupt FTX cryptocurrency exchange, John Ray, has icily responded to the erratic series of tweets from former CEO and founder Sam Bankman-Fried. The official Twitter account of FTX on Nov. 16 tweeted a statement…
“Weed lobby’s dangerous wins, Brittney Griner’s harrowing ordeal and other commentary” Drug watch: Weed Lobby’s Dangerous Wins “This year’s midterm ballot measures to legalize marijuana across five different states are more evidence of the weed lobby’s advancements,” argues Mark Haskins at The Federalist. But “today, many of the arguments made by the pro-marijuana movement” —…
“Gillibrand to dump Biden megadonor Sam Bankman-Fried after FTX debacle” WASHINGTON — Sen. Kirsten Gillibrand is the latest politician to say she will offload campaign contributions from disgraced former cryptocurrency “billionaire” Sam Bankman-Fried — who poured millions into electing President Biden before his business FTX went bust last week with up to $2 billion in…